Probably needs to do a CR to get the debt level in control....

Probably needs to do a CR to get the debt level in control. However the mining side has improved especially with the UG getting shutdown. The high C1 cost can be attributed to the UG under performance (-25% less than expected ounces).

The UG isn't dead, the quarterly reads there are small opportunities to exploit with airleg mining. Things look brighter than last month that is for sure. Something else caught my eye is the 1.5g/t for M4 pit, I assume that is using the 25% dilution which leaves room for upside surprise in headgrade if the M4 pit proves to be more continuous than M10. The company should make good money based on the open pit mining alone, maybe not great money as before but definitely better than 20c share price good.